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Dh1.8b yacht at centre of UK divorce battle to remain in Dubai

Akhmedov’s superyacht used to be seized at the Rashid Port in 2018.

A Dubai court docket has rejected an enchantment filed via a Russian mogul to carry a freezing order of his £35000 million (Dh1.eight billion) superyacht, paperwork accessed via Khaleej Times display. The M.V. Luna is at the centre of a £453 million criminal battle between the Russian billionaire and his ex-wife.

Farkhad Akhmedov’s superyacht used to be seized at the Rashid Port – when it docked there for some upkeep paintings – in February 2018 in implementation of a UK court docket order.

After the Dubai Sharia Court rejected his enchantment, his spouse, Tatiana Akhmedova’s criminal staff stated in a observation: “We are pleased that this court has also seen fit to maintain the arrest of the Luna. In line with the UK court order, we will continue to arrange the formal transferal of the Luna’s ownership to Ms. Akhmedova.”

The Dubai International Financial Centre (DIFC) courts had heard the lawsuit as a business case for roughly 4 months. In May, the DIFC courts brushed aside the lawsuit and referred it to the Dubai Sharia Court as a marital dispute.

After rejecting Akhmedov’s enchantment, the court docket obliged Straight Establishment (the present criminal proprietor of the yacht and which Akhmedov claims is his circle of relatives consider) to pay the court docket charges and Dh500 as lawyer prices. The status quo has an automated proper to enchantment this judgement inside of 10 days.

As in step with the UK court docket order, the 61-year-old billionaire used to be to pay £453 million to his ex-wife. He used to be directed to cede the 377-ft yacht to her after reportedly failing to agree to the court docket order.

The Luna has two helipads, 9 decks, 10 VIP cabins, a swimming pool and a spa.

mary@khaleejtimes.com

Marie Nammour

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